Severn Bancorp, Inc. (NASDAQ:SVBI) Announces Quarterly Dividend of $0.04

Severn Bancorp, Inc. (NASDAQ:SVBI) declared a quarterly dividend on Wednesday, August 28th, Fidelity reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.04 per share by the bank on Tuesday, September 17th. This represents a $0.16 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, September 5th.

Shares of NASDAQ:SVBI opened at $7.97 on Friday. The stock has a market cap of $101.58 million, a PE ratio of 10.74 and a beta of 0.86. Severn Bancorp has a 1-year low of $7.22 and a 1-year high of $9.94. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $8.07 and its two-hundred day simple moving average is $8.67.

Severn Bancorp (NASDAQ:SVBI) last announced its quarterly earnings data on Friday, July 26th. The bank reported $0.17 earnings per share for the quarter. Severn Bancorp had a return on equity of 9.60% and a net margin of 19.05%. The company had revenue of $10.46 million during the quarter.

Separately, ValuEngine lowered Severn Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Severn Bancorp Company Profile

Severn Bancorp, Inc operates as the holding company for Severn Savings Bank, FSB that provides a range of personal and commercial banking products and services in Maryland, Delaware, and Virginia. The company's deposit products include checking, savings, money market, time deposit, and individual retirement accounts.

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Dividend History for Severn Bancorp (NASDAQ:SVBI)

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